silence7@slrpnk.netM to Climate - truthful information about climate, related activism and politics.@slrpnk.netEnglish · 5 months agoHome insurance was once a ‘must.’ Now more homeowners are going without | Slammed by pricier policies and climate-driven natural disasters, more and more Americans are exposing themselves to riskwapo.stexternal-linkmessage-square13fedilinkarrow-up159arrow-down12
arrow-up157arrow-down1external-linkHome insurance was once a ‘must.’ Now more homeowners are going without | Slammed by pricier policies and climate-driven natural disasters, more and more Americans are exposing themselves to riskwapo.stsilence7@slrpnk.netM to Climate - truthful information about climate, related activism and politics.@slrpnk.netEnglish · 5 months agomessage-square13fedilink
minus-squarepwnicholson@lemmy.worldlinkfedilinkarrow-up34·5 months agoAnyone going without home insurance is paying cash for their house. No bank would give someone a mortgage on a property that could turn to ashes with no insurance.
minus-squareMadison420@lemmy.worldlinkfedilinkarrow-up3arrow-down1·5 months agoIt’s usually only mandatory the first 10-15 years or once you build 60% equity iirc.
Anyone going without home insurance is paying cash for their house. No bank would give someone a mortgage on a property that could turn to ashes with no insurance.
It’s usually only mandatory the first 10-15 years or once you build 60% equity iirc.